ICE cotton futures slipped marginally on Friday to hit a more than one-week low in thin volume trading as the natural fibre market registered it biggest weekly decline in two months.
The March cotton contract hit a session low of 72 cents per lb., the lowest since Jan. 4. The contract ended the week down 2.3 percent, the lowest since the week ended Nov. 4.
"The fall in certificated cotton stocks and the WASDE (World Agricultural Supply and Demand Estimates) report has put a lid on the mark